Tesla, Inc. (NASDAQ:TSLA) CAO Sells $1,065,753.92 in Stock

Tesla, Inc. (NASDAQ:TSLA) CAO Vaibhav Taneja sold 1,813 shares of the company’s stock in a transaction on Monday, June 7th. The shares were sold at an average price of $587.84, for a total value of $1,065,753.92. Following the transaction, the chief accounting officer now directly owns 18,211 shares in the company, valued at approximately $10,705,154.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vaibhav Taneja also recently made the following trade(s):

  • On Monday, April 5th, Vaibhav Taneja sold 4,453 shares of Tesla stock. The shares were sold at an average price of $696.57, for a total value of $3,101,826.21.

NASDAQ:TSLA opened at $610.12 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.38 and a current ratio of 1.66. The company has a market capitalization of $587.75 billion, a P/E ratio of 610.12, a PEG ratio of 6.13 and a beta of 1.97. Tesla, Inc. has a 52-week low of $181.70 and a 52-week high of $900.40. The stock’s 50-day moving average price is $653.62.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Sunday, April 25th. The electric vehicle producer reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.14. The business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $9.89 billion. Tesla had a return on equity of 6.13% and a net margin of 3.18%. Tesla’s quarterly revenue was up 73.6% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, research analysts anticipate that Tesla, Inc. will post 2.64 EPS for the current year.

Several brokerages have recently issued reports on TSLA. Wells Fargo & Company began coverage on Tesla in a research note on Monday, May 24th. They set an “equal weight” rating and a $590.00 price target on the stock. Credit Suisse Group reissued a “neutral” rating and issued a $800.00 target price on shares of Tesla in a research note on Tuesday, April 27th. Jefferies Financial Group reissued a “hold” rating and issued a $700.00 target price (down previously from $775.00) on shares of Tesla in a research note on Monday, March 29th. The Goldman Sachs Group increased their target price on Tesla to $860.00 and gave the company a “buy” rating in a research note on Tuesday, April 27th. Finally, New Street Research raised Tesla from a “neutral” rating to a “buy” rating in a research note on Tuesday, March 9th. Eleven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Tesla currently has a consensus rating of “Hold” and a consensus price target of $455.19.

Several large investors have recently bought and sold shares of TSLA. Geode Capital Management LLC grew its stake in Tesla by 3.5% in the first quarter. Geode Capital Management LLC now owns 11,971,355 shares of the electric vehicle producer’s stock valued at $7,973,095,000 after purchasing an additional 404,120 shares in the last quarter. Northern Trust Corp grew its stake in Tesla by 2.1% in the first quarter. Northern Trust Corp now owns 8,262,415 shares of the electric vehicle producer’s stock valued at $5,518,715,000 after purchasing an additional 167,974 shares in the last quarter. Norges Bank bought a new position in Tesla in the fourth quarter valued at approximately $5,497,219,000. ARK Investment Management LLC grew its stake in Tesla by 39.9% in the first quarter. ARK Investment Management LLC now owns 5,785,523 shares of the electric vehicle producer’s stock valued at $3,864,324,000 after purchasing an additional 1,651,297 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Tesla by 7.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,058,655 shares of the electric vehicle producer’s stock valued at $2,710,897,000 after purchasing an additional 297,388 shares in the last quarter. Institutional investors and hedge funds own 41.37% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

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